Explain the concept of strict liability and give two early examples of when this concept was applied in the U.S
Strict liability refers to the idea that a person injured by an unsafe product might sue not only the company that sold the product but also the manufacturer that negligently made the product. In the early twentieth century an important decision, MacPherson v. Buick Motor Co., allowing an injured person to sue the manufacturer of a car for a defect in its wheel. Another early example is in 1944 when a waitress was injured due to a bottle of Coca-Cola exploding in her face.
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Which statement is true of an apprenticeship?
A. An apprenticeship is typically sponsored by an educational institution. B. An apprentice does not make any money. C. An apprentice usually assists a certified tradesperson at the worksite. D. An apprenticeship does not involve classroom training. E. An apprenticeship is based on simulations and virtual reality.
Calculate the beginning balance of the Work-in-Process Inventory account.
The following information has been provided by New Age, Inc.:
A) $93,250
B) $60,200
C) $4750
D) $44,250
Which of the following is a vital component of ads that use emotional integration to market a product?
A. popularity B. humor C. fear D. news E. price
An abnormal loss:
a. is treated as a period cost. b. is included as part of the cost of transferred goods. c. results in higher unit cost of the remaining units. d. happens under normal, efficient operating conditions.